NASDAQ$QS
QuantumScape Corporation · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
QuantumScape's Q4 2021 performance reflected the completion of key milestones, including demonstrating multilayer cells and securing space for QS-0, while also outlining plans for scaling up production and customer sampling in 2022.
QuantumScape reported a net loss attributable to common stockholders of $67.226 million for the fourth quarter of 2021. The company highlighted the completion of its 2021 milestones, including the demonstration of multilayer cells and the commencement of the QS-0 pre-pilot production line buildout. Looking ahead, QuantumScape is focused on demonstrating its proprietary cell format, delivering A sample prototype cells, scaling up film starts, and taking delivery of QS-0 equipment in 2022.
- Completed all announced 2021 milestones, including technical validation with Volkswagen and multilayer cell demonstrations.
- Built first 16-layer cells at amp-hour scale, showing promising early cycling behavior.
- Announced new data on zero external pressure efforts, achieving 800 cycles with 70x85 mm single-layer cells.
- Signed customer sampling agreements with three automakers and a new strategic relationship with Fluence for stationary energy storage.
Headline financials
Revenue & EPS history
QuantumScape · Revenue · Quarterly
$0
Forward guidance
QuantumScape anticipates making significant investments into cell development and scalable production in 2022, with a focus on continuous-flow processes, automation, and high throughput metrology. Capital expenditure is expected to peak mid-year and decline thereafter. The company aims to achieve key milestones, including demonstrating its proprietary cell format, delivering A sample prototype cells, scaling up film starts, and taking delivery of QS-0 equipment.
Tailwinds
- Demonstrate proprietary cell format
- Deliver A sample prototype cells
- Scale up film starts to 8,000 per week
- Take delivery of QS-0 equipment and maintain deadlines for start of QS-0 pre-pilot production in 2023
- Enter 2023 with over $800M in liquidity
Headwinds
- Faces significant barriers in attempts to produce a solid-state battery cell
- May encounter significant delays and/or technical challenges in replicating the performance seen in its single-layer and early multilayer cells
- May encounter delays and other obstacles in acquiring, installing and operating new manufacturing equipment
- May be unable to adequately control the costs associated with its operations
- Spending may be higher than currently anticipated
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
-0.1%
Avg return
Earnings day
-0.2%
Avg return
5 days after
-0.1%
Avg return
30 days after
40%
10 / 25 earnings
Positive
+22.6%
Q3 2024
Best reaction
-12.0%
Q4 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | -4.7% | +12.0% | |
| Q4 2026 | -12.0% | -18.4% | -23.7% | |
| Q3 2025 | +8.0% | +14.8% | -15.5% | |
| Q2 2025 | -1.6% | -27.7% | -36.4% | |
| Q1 2025 | -0.5% | -0.8% | -0.3% | |
| Q4 2024 | +7.0% | +14.7% | -9.7% | |
| Q3 2024 | +22.6% | +7.4% | -2.6% | |
| Q2 2024 | +2.6% | +2.8% | +4.8% | |
| Q1 2024 | -8.8% | -1.6% | +3.8% | |
| Q4 2023 | -3.5% | -6.4% | -23.9% | |
| Q3 2023 | -11.2% | -10.0% | -2.6% | |
| Q2 2023 | +14.4% | +42.2% | -26.2% | |
| Q1 2023 | -1.0% | -10.6% | -13.3% | |
| Q4 2022 | +9.6% | +15.2% | -16.4% | |
| Q3 2022 | -10.7% | -8.1% | -22.4% | |
| Q2 2022 | +4.8% | +3.3% | +8.7% | |
| Q1 2022 | -5.6% | -4.7% | -22.2% | |
| Q4 2021 | -7.7% | -10.9% | -2.5% | |
| Q3 2021 | -8.2% | +13.4% | +26.1% | |
| Q2 2021 | +7.2% | +1.5% | -5.8% | |
| Q1 2021 | -4.1% | -4.1% | -2.9% | |
| Q4 2019 | -8.0% | -15.2% | -29.0% | |
| Q2 2020 | -8.0% | -15.2% | -29.0% | |
| Q4 2020 | +21.7% | +13.9% | +4.3% | |
| Q3 2020 | -11.8% | +3.3% | +221.9% | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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